mediumLogic errorEVM-Solidity
Lybra Finance: Fixed reward percentage for liquidators in the eUSD vault may cause a liquidation crisis
- Payout
- $0
- Protocol
- Lybra Finance
- Disclosed
- Aug 21, 2023
- Source
- code4rena
Lybra Finance's liquidation mechanism for eUSD and peUSD vaults suffers from a logic error due to a fixed 10% reward for liquidators. When a user's collateral ratio drops below 110%, this fixed reward is too aggressive, causing the position's collateral ratio …
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References
- https://github.com/code-423n4/2023-06-lybra-findings/issues/72
- https://github.com/code-423n4/2023-06-lybra-findings
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